The Injured Workers' Insurance Fund insures those employers who are unable or choose not to obtain insurance from private companies, and who are not self-insurers. The Fund also acts as claims administrator for all State employees for Workers' Compensation Insurance.
As required by the Workers' Compensation Law, employers carry insurance through the Injured Workers' Insurance Fund to pay claims arising from accidents and injuries to their employees. All expenses of the Fund are paid out of income from premiums paid and interest on Fund investments. The State Treasury is prepaid for operating expenses of the Fund.
The Board for the Injured Workers' Insurance Fund consists of nine members. They are appointed to five-year terms by the Governor with Senate advice and consent. The Board appoints the Fund President (Code Labor and Employment Article, secs. 10-101 through 10-141).
The Steering Committee is comprised of the risk management coordinators from fourteen State agencies, a representative from the Governor's Office, and a representative from the Injured Workers' Insurance Fund.
MARYLAND STATE EMPLOYEE RISK MANAGEMENT STEERING COMMITTEE
In January 2002, the Governor formed the Maryland State Employee Risk Management Steering Committee (Executive Order 01.01.2002.01). The Steering Committee works with the State Employee Risk Management Administration to share common guidelines, concerns, and ideas; monitor and make recommendations on risk management; and plan new initiatives in risk management.
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